The Canary Islands Government has officially launched the legislative process for its Sustainable Regulation of Tourist Housing Law, aiming to curb property speculation and prevent the rise of so-called “fake hotels.”
The bill, presented yesterday, Thursday 6th
February, by Jessica de León, the Minister of Tourism, to Astrid Pérez, President of the Canary Islands Parliament, is set to undergo parliamentary debate before a final vote.
The proposed legislation aims to restore balance i